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Textbook Notes for Najib Khan

UOTTAWAECO 1102Najib KhanWinter

ECO 1102 Chapter Notes - Chapter 9-12: Unemployment, Autarky, Openmarket

OC3854028 Page
25 May 2016
10
Topics: unemployment and its natural rate, the monetary system, money growth and. Unemployment can be divided into two categories: the long-run problem
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UOTTAWAECO 1102Najib KhanWinter

ECO 1102 Chapter Notes - Chapter 9: Comparative Advantage, Economic Surplus, Import Quota

OC3854026 Page
25 May 2016
6
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UOTTAWAECO 1102Najib KhanWinter

ECO 1102 Chapter Notes - Chapter `13: Marginal Cost, Savings Account, Average Variable Cost

OC3854023 Page
25 May 2016
12
Industrial organization is the study of how firms" decisions about prices and quantities depend. Sharp 1 on the market conditions they face. The amount
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UOTTAWAECO 1102Najib KhanWinter

ECO 1102 Chapter Notes - Chapter 8: Financial Regulation, Credit Risk, Interest Rate

OC3854025 Page
25 May 2016
7
Chapter eight saving, investment, and the financial system. The financial system consists of those institutions in the economy that help to match one p
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UOTTAWAECO 1102Najib KhanWinter

ECO 1102 Chapter Notes - Chapter 14: Marginal Revenue, Marginal Cost, Takers

OC3854024 Page
25 May 2016
9
A market is competitive if each buyer and seller is small compared to the size of the market and, Sharp 1 has little ability to influence market prices
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UOTTAWAECO 1102Najib KhanWinter

ECO 1102 Chapter Notes - Chapter 5: Gdp Deflator, Gross Domestic Product, Canada Pension Plan

OC8213557 Page
25 Feb 2016
16
Microeconomics: the study of how individuals and how firms make decisions and how they interact with one another in markets. Macroeconomics: the study
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UOTTAWAECO 1102Najib KhanWinter

ECO 1102 Chapter Notes - Chapter 5: Final Good, Canada Pension Plan, Gdp Deflator

OC3854023 Page
25 May 2016
7
The study of choice we make given those choices and their subsequent outcomes from those decisions or choices. The economy"s income must equal expendit
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